Lufthansa issues €525 million bonds due in 2025

Tuesday, 10. November 2020 10:16

German airline Lufthansa launched on Tuesday a five-year bond offering for €525 million with an expected annual interest rate within the range of 2.25 and 2.75% to alleviate financial losses caused by the coronavirus pandemic.

Under certain conditions, investors can be paid back by December 2025 and also have the bonds converted to new or existing registered shares.

The company recently reported its total revenue in the second quarter of the year stood at €1.894 billion, 80% less than in the same trimester in 2019, while the number of its flights decreased by a staggering 94%.

Related Links: Deutsche Lufthansa AG
Author:
Breaking the News / CG